Ankit Nagori is an Indian entrepreneur. He is the founder and CEO of CureFoods, and also characterizes himself as an angel or seed investor. He is a businessman who started his career with an executive job in 2007 and has now built a highly successful brand. He is also a sports lover and an avid reader who never forgets his fitness routine.
Contents
Wiki/Biography
Ankit Nagori was born on Sunday, 27 October 1985 (age 38 years; as in 2021) in Bokaro, a small town in Bihar, India. He moved to New Delhi at the age of 5 and attended Delhi Public School for his early education. He was a cricket lover since childhood and used to play it during his school days. Later, he went to the Indian Institute of Technology, Guwahati to pursue a bachelor’s degree in engineering. During his graduation, he also became the captain of the IIT, Guwahati cricket team and completed his graduation in 2007.
Physical Appearance
Height (Approx): 5′ 6″
Weight (Approx): 65 kg
Hair Color: Black
Eye colour: black
Family and ethnicity
Ankit belongs to a Hindu family.
parents and siblings
Ankit Nagori is the son of Ashok Nagori, who ran a steel trading business in Bokaro, Bihar.
wife and children
He married his best friend Kanika and the couple has a son named Kiyan.
livelihood
Ankit Nagori entered the business sector after completing his graduation in 2007. She started working at ESCP Europe as a marketing intern. After completing this internship in three months, he founded his own company Youthpad in October 2007. Youthpad was a social media platform that he ran for two years and four months. After YouthPad, he joined Flipkart as Chief Business Officer in February 2010. He served in this position for a period of six years.
Ankit Nagori working at Flipkart
Co-Founder of Cure.fit
In March 2016, he eventually left Flipkart to start his own venture, Cure.fit. Cure.fit is a technology-driven health platform that helps people eat, work, sleep and think healthier. Mukesh Bansal and Ankit Nagori started this Bengaluru-based company with an initial investment of $ 5 million i.e. about Rs 10,000 crore. 33 crores. To achieve its goal of providing a healthy lifestyle, Cure Fit came up with four verticals, which include:
- Cult.Fit: Gym and Fitness Center
- Care.fit: Subscription-based service for primary care
- Eat.fit: an online healthy food delivery service
- Mind.Fit: An Online/Offline Mental Health and Wellness Service
In the second quarter of 2017, Cure.fit collaborated with Hrithik Roshan and launched HRX workouts under its Cure.fit program. HRX is Hrithik Roshan’s lifestyle brand, and the association turned out to be a profitable branding strategy for Cure.Fit. Mukesh Bansal, co-founder of Cure.Fit, spoke about the association and said,
Happy McGarryBowen has been instrumental in helping us reach a very powerful brand identity and brand positioning. This is disruptive thinking in the branding space and gives us a huge advantage in building consumer brands. The Happy team has also been instrumental in helping establish Cult.Fit as a holistic healthcare brand in Bengaluru with creative input for the center environment and the brand’s campaigns.
Mukesh Bansal and Ankit Nagori are investing in the potential of the healthy food industry
Transferring its majority stake to CureFoods
In 2020, Ankit invested in the potential of health care foods and used his equity to acquire a majority stake in CureFoods, which was a part of Eat.fit. CureFoods uses Eat.fit to run its cloud-based kitchen. However, he still retained his stake in Cure.fit. Following this change in equity, Cure.fit issued a statement saying,
An equity swap has taken place where Ankit Nagori has significantly increased his ownership in CureFoods. Curefit will continue to be a significant stakeholder in CureFoods. Eat.Fit will continue to sell on the CureFit app and will also provide F&B services at Cult Centres.”
In the same year, Curefoods started its independent journey with 12-13 kitchens in Bengaluru, Coimbatore and two other cities in South India with the aim of expansion.
An Eat.fit outlet in South India
As of August 2021, CureFoods raised $13 million (approximately Rs 99 crore) in Series A funding from leading angel investors including Lydia Jett, Adil Allana, Rashmi Kwatra, Kunal Shah with a funding initiative led by Iron Pillar, Binny Bansal and . Nordstar. After this funding, Curefoods received a total funding of $ 20 million (approximately Rs 152 crore). With this funding, Ankit became one of the entrepreneurs to raise a large amount of early funding for an Indian startup. As a part of its branding and marketing strategy, Curefoods managed to rope in Varun Dhawan as its brand ambassador for Eat.fit in April 2022.
Stake in 10 Indian companies
Ankit Nagori has stake in 10 Indian companies and is listed as a director of:
- On 12 September 2013, Red Lumen Marketing Pvt. Ltd.
- On 29 February 2016, Addazz Online Services Pvt. Ltd.
- On 24 May 2016, CureFit Healthcare Pvt. Ltd.
- On 3 October 2016, Curefit Logistics Pvt. Ltd.
- On 20 February 2017, Cube Fitness Pvt. Ltd.
- CultGear Pvt Ltd on 30 March 2018.
- Fitness First India Private Limited on 8 June 2018.
- Rugby League India Federation on 21 February 2020.
- Curefoods India Pvt Ltd on 10 October 2020.
- Simply Sport Foundation on 13 October 2020.
He is also an angel investor who has invested in 9 companies, including Rapido, SuperKey, Mesh, Zeon, etc.
Honors and Achievements
- In February 2016, he was selected in the Fortune 40 Under 40 list by Fortune India Magazine.
- In 2019, he was selected by Entrepreneur magazine on the Entrepreneur 35 Under 35 list of business leaders.
Favorite
- Drink: Oatmeal Chocolate Smoothie
- Book: Blitzscaling: The Lightning-Fast Path to Building Massively Valued Companies
Facts/General Knowledge
- He started his career as a novice trainee at ESCP Europe.
- He is a successful businessman who travels a distance of 9 km from home to office in HSR Layout to work on a regular basis.
- Due to his love for cricket, he still participates in cricket club matches as a fast bowler.
- Ankit Nagori gets an annual salary of Rs. Rs 21.9 crore while working as Chief Business Officer at Flipkart.
- Due to his immense interest in sports, he also works as an active volunteer for Simply Sports Foundation.
- He is an early morning person who follows a routine of running along the banks of Bengaluru’s lakes.
- He is also a voracious reader and read more than 80 books in 2016.
Categories: Biography
Source: vcmp.edu.vn